Ithaca Energy CEO Luciano Vasques to step down

By Reuters News

- Oil and gas producer Ithaca Energy ITH.L on Friday said that CEO Luciano Vasques intends to retire by March 31, 2027.

  • The company said that the board has commenced the search for a successor

  • Vasques, formerly Eni ENI.MI UK managing director, was appointed to lead the combined group after Ithaca bought all of Eni's UK oil and gas producing assets in 2024

  • In his three years, he led the group through the business combination with Eni UK and through multiple acquisitions to expand its portfolio

  • Under Vasques' tenure, shares of the company have nearly tripled in value

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